Ofgem is lowering its energy price cap by 17 per cent from the current £3,280 per year to £2,074 for the average household in Scotland, England and Wales from July.
The regulator announced its latest energy price cap last month, however, consumers are likely to feel little relief with bills remaining well above pre-pandemic levels.Energy bills are expected to remain stubbornly high through the coming winter, at almost double the rates paid in 2020, and remain above pre-pandemic levels for the rest of the decade.
The lower cap will replace the UK Government’s Energy Price Guarantee from July 1, which currently limits the typical household energy bill to around £2,500 and means the average household on typical usage will see their annual bill drop by £426.
But, with all that said, running household appliances will get cheaper from July. Experts at Forbes Advisor have looked at the average running cost for essential and luxury household appliances, including air fryers, lawnmowers, TVs, fridges, and hot tubs, to give people an idea of how much the costs will come down over the summer.
Read more on dailyrecord.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.